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Tesla (TSLA) to cut over 10% global staff - Electrek

April 15, 2024 5:52 AM EDT
(Updated - April 15, 2024 5:56 AM EDT)

Tesla (NASDAQ: TSLA) is reportedly planning to cut over 10% of its global staff, according to an early Monday report by Electrek.

  • The company is said to have announced layoffs of “more than 10%” of its global workforce in an internal company-wide email.
  • Some employees have reportedly already been locked out of system access.

Full text of the internal email by Elon Musk, as reported by Electrek, can be seen below:

Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.

As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle.

I would like to thank everyone who is departing Tesla for their hard work over the years. I’m deeply grateful for your many contributions to our mission and we wish you well in your future opportunities. It is very difficult to say goodbye.

For those remaining, I would like to thank you in advance for the difficult job that remains ahead. We are developing some of the most revolutionary technologies in auto, energy and artificial intelligence. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there.

Thanks,
Elon



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